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DISAGGREGATION OF REVENUE (Tables)
9 Months Ended
Jul. 31, 2022
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF DISAGGREGATE OF REVENUE FROM CONTRACTS FOR SALE WITH CUSTOMERS BY GEOGRAPHIC LOCATION

 

   For the Three Months Ended July 31, 2022 
   Marine   Marine     
   Technology   Engineering   Grand 
   Business   Business   Total 
Disaggregation of Total Net Sales            
             
Primary Geographical Markets               
Americas  $1,626,657   $1,468,483   $3,095,140 
Europe   278,973    794,369    1,073,342 
Australia/Asia   1,435,637    -    1,435,637 
Middle East/Africa   663,290    -    663,290 
                
Total Revenues  $4,004,557   $2,262,852   $6,267,409 
                
Major Goods/Service Lines               
Equipment Sales  $2,928,019   $451,416   $3,379,435 
Equipment Rentals   380,984    -    380,984 
Software Sales   252,204    -    252,204 
Engineering Parts   -    999,228    999,228 
Services   443,350    812,208    1,255,558 
                
Total Revenues  $4,004,557   $2,262,852   $6,267,409 
                
Goods transferred at a point in time  $3,180,223   $451,416   $3,631,639 
Services transferred over time   824,334    1,811,436    2,635,770 
                
Total Revenues  $4,004,557   $2,262,852   $6,267,409 

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

July 31, 2022, and October 31, 2021

 

NOTE 15 –DISAGGREGATION OF REVENUE (Continued)

 

   For the Three Months Ended July 31, 2021 
   Marine   Marine     
   Technology   Engineering   Grand 
   Business   Business   Total 
Disaggregation of Total Net Sales            
             
Primary Geographical Markets               
Americas  $962,043   $589,560   $1,551,603 
Europe   1,649,281    1,392,764    3,042,045 
Australia/Asia   971,563    -    971,563 
Middle East/Africa   262,164    -    262,164 
                
Total Revenues  $3,845,051   $1,982,324   $5,827,375 
                
Major Goods/Service Lines               
Equipment Sales  $2,151,520   $782,255   $2,933,775 
Equipment Rentals   713,389    -    713,389 
Software Sales   153,150    -    153,150 
Engineering Parts   -    1,093,176    1,093,176 
Services   826,992    106,893    933,885 
                
Total Revenues  $3,845,051   $1,982,324   $5,827,375 
                
Goods transferred at a point in time  $2,298,962   $670,255   $2,969,217 
Services transferred over time   1,546,089    1,312,069    2,858,158 
                
Total Revenues  $3,845,051   $1,982,324   $5,827,375 

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

July 31, 2022, and October 31, 2021

 

NOTE 15 –DISAGGREGATION OF REVENUE (Continued)

 

   For the Nine Months Ended July 31, 2022 
   Marine   Marine     
   Technology   Engineering   Grand 
   Business   Business   Total 
Disaggregation of Total Net Sales            
             
Primary Geographical Markets               
Americas  $4,109,260   $3,251,009   $7,360,269 
Europe   991,323    2,520,132    3,511,455 
Australia/Asia   4,477,178    -    4,477,178 
Middle East/Africa   1,741,553    -    1,741,553 
                
Total Revenues  $11,319,314   $5,771,141   $17,090,455 
                
Major Goods/Service Lines               
Equipment Sales  $6,945,001   $1,431,414   $8,376,415 
Equipment Rentals   1,726,760    -    1,726,760 
Software Sales   691,422    -    691,422 
Engineering Parts   -    2,918,181    2,918,181 
Services   1,956,131    1,421,546    3,377,677 
                
Total Revenues  $11,319,314   $5,771,141   $17,090,455 
                
Goods transferred at a point in time  $7,618,774   $1,431,416   $9,050,190 
Services transferred over time   3,700,540    4,339,725    8,040,265 
                
Total Revenues  $11,319,314   $5,771,141   $17,090,455 

 

 

CODA OCTOPUS GROUP, INC.

Notes to the Consolidated Financial Statements

July 31, 2022, and October 31, 2021

 

NOTE 15 –DISAGGREGATION OF REVENUE (Continued)

 

   For the Nine Months Ended July 31, 2021 
   Marine   Marine     
   Technology   Engineering   Grand 
   Business   Business   Total 
Disaggregation of Total Net Sales            
             
Primary Geographical Markets               
Americas  $2,425,850   $1,703,464   $4,129,314 
Europe   4,440,036    2,769,707    7,209,743 
Australia/Asia   4,466,796    -    4,466,796 
Middle East/Africa   445,057    -    445,057 
                
Total Revenues  $11,777,739   $4,473,171   $16,250,910 
                
Major Goods/Service Lines               
Equipment Sales  $8,035,469   $1,096,718   $9,132,187 
Equipment Rentals   1,645,942    -    1,645,942 
Software Sales   599,425    -    599,425 
Engineering Parts   -    2,727,892    2,941,848 
Services   1,496,903    648,561    1,931,508 
                
Total Revenues  $11,777,739   $4,473,171   $16,250,910 
                
Goods transferred at a point in time  $8,666,514   $984,717   $9,651,231 
Services transferred over time   3,111,225    3,488,454    6,599,679 
                
Total Revenues  $11,777,739   $4,473,171   $16,250,910